Surveillance: Big Risks In Manufacturing Sector, Sweeney Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 May 2019
⏱️ 26 minutes
🧾️ Download transcript
Summary
James Sweeney, Credit Suisse Chief Economist & Americas CIO, sees big risks in the U.S. manufacturing sector. Jerome Schneider, PIMCO MD & Head of Short Term Portfolio Management, says the movement in rates seems to indicate that a recessionary environment is on the rise. Beth Maclean, PIMCO EVP Portfolio Manager, offers investment advice for high risk environments. Hugo Rogers, Deltec CIO, thinks China is in a weaker position than the U.S. in the trade war.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com, and of course, |
| 0:56.1 | on the Bloomberg. |
| 0:59.8 | Right now with us is James Sweeney of Credit Suisse in our New York studios and John |
| 1:04.4 | Fier and I know that we've read very carefully James Swinney over the years |
| 1:07.7 | always counseling against deflation some criticism recently for claiming that the declines in inflation that we've seen |
| 1:24.4 | lately are due to temporary factors that will go away. |
| 1:29.0 | And we looked at it closely and we found that it's due to temporary factors that will go away. |
| 1:33.6 | Does the Fed look at temporary factors, which is a 2.24% 10 year yield and a two year |
| 1:40.6 | yield that's going to drop under two at some point or do they look at the |
| 1:44.9 | the Sweeney inflation rate or the Powell inflation rate which are they a slave to right |
| 1:50.0 | now? I think they're definitely a slave to the bond market and the incoming growth data and the fears about what's going to happen next more than what's happening on inflation. I mean this is lagging, this is statistical, |
| 2:03.5 | this is not particularly interesting, |
... |
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